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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest Income        
Interest and fees on loans $ 8,816 $ 9,088 $ 25,240 $ 26,104
Interest on interest-bearing deposits 506 56 757 123
Interest on securities – taxable 3,425 2,043 8,847 5,736
Interest on securities – nontaxable 408 469 1,283 1,472
Total interest income 13,155 11,656 36,127 33,435
Interest Expense        
Interest on deposits 753 719 2,055 2,408
Net interest income 12,402 10,937 34,072 31,027
Provision for (recovery of) loan losses 252 (392) 696 (338)
Net interest income after provision for (recovery of) loan losses 12,150 11,329 33,376 31,365
Noninterest Income:        
Noninterest Income 1,795 1,590 5,271 4,915
BOLI income 239 248 718 664
Gain on sale of mortgage loans 40 76 136 287
Other income 209 177 909 1,034
Total noninterest income 2,140 1,992 6,543 6,267
Realized securities gain, net     0 5
Noninterest Expense        
Salaries and employee benefits 4,144 3,909 12,133 11,767
Occupancy, furniture and fixtures 476 447 1,432 1,378
Data processing and ATM 774 728 2,354 2,292
FDIC assessment 114 120 336 296
Net costs of other real estate owned 68 11 78 49
Franchise taxes 375 367 1,108 1,059
Other operating expenses 785 785 2,219 2,509
Total noninterest expense 6,736 6,367 19,660 19,350
Income before income taxes 7,554 6,954 20,259 18,282
Income tax expense 1,392 1,202 3,637 3,151
Net Income $ 6,162 $ 5,752 $ 16,622 $ 15,131
Basic and fully diluted net income per common share (in dollars per share) $ 1.03 $ 0.94 $ 2.77 $ 2.42
Weighted average number of common shares outstanding, basic and diluted (in shares) 5,974,961 6,142,538 6,008,607 6,253,796
Dividends declared per common share (in dollars per share) $ 0 $ 0 $ 0.72 $ 0.70
Deposit Account [Member]        
Noninterest Income:        
Noninterest Income $ 661 $ 548 $ 1,826 $ 1,488
Product and Service, Other [Member]        
Noninterest Income:        
Noninterest Income 51 50 157 134
Credit and Debit Card [Member]        
Noninterest Income:        
Noninterest Income 448 460 1,423 1,373
Fiduciary and Trust [Member]        
Noninterest Income:        
Noninterest Income $ 492 $ 433 $ 1,374 $ 1,282